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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 45410 in Dayton, Ohio, exhibits a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area contains 329 total units in LIHTC funded projects, with 221 designated as low-income units. Based on the 2022 population of 17,821 and an estimated 6,828 housing units, LIHTC funded affordable housing comprises approximately 4.8% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 45410 have received $79,584 in tax credits, averaging about $242 per unit in federal funding. This represents 2% of Ohio's total LIHTC funding, indicating a substantial investment in affordable housing for this specific area.
Affordable housing has been a consistent feature of zip code 45410, with projects spanning from 1988 to 2013. The earliest project, Jaycee Towers, was completed in 1988, while the most recent, Twin Towers Crossing II, was finished in 2013. This 25-year span demonstrates a sustained commitment to affordable housing in the area. The 2010s saw the most activity, with two projects completed during this decade.
The LIHTC funded housing in zip code 45410 offers a diverse range of unit types. Of the 329 total units, there are 6 efficiencies, 74 one-bedroom units, 1 two-bedroom unit, 8 three-bedroom units, and 36 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, zip code 45410 has experienced demographic shifts. The population has shown slight fluctuations, increasing from 16,920 in 2010 to 17,821 in 2022. Median income has also changed, rising from $38,357 in 2013 to $39,094 in 2022, with variations in between.
Racial demographics have evolved in zip code 45410. The white population decreased from 85% in 2013 to 70% in 2022, while the Black population increased from 7% to 13%. The Hispanic population grew from 4% to 9% during this period. These changes suggest growing diversity in the area, which may influence future affordable housing needs.
The most recent LIHTC project in zip code 45410 was completed in 2013, coinciding with the beginning of these demographic shifts. The subsequent changes in population composition and income levels may indicate evolving housing needs in the area.
Zip code 45410 in Dayton, Ohio, has an established foundation of LIHTC funded affordable housing, covering nearly 5% of the estimated housing inventory. The area has seen consistent development of affordable housing over a 25-year period, with the most recent project completed in 2013. The diverse unit types available cater to various household sizes within the low-income population. Demographic trends over the past decade, including population growth, income fluctuations, and increasing racial diversity, suggest that housing needs in the area may continue to evolve. These factors may influence future affordable housing initiatives in this zip code.